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FERG Leads Financial Innovation at TECHNO MEET 24 Driving Sector Advancements

Exploring The Future Of Cross-Border Finance At FERG's Remitlink23 Conference

Exploring the Future of Cross-Border Finance at FERG's Remitlink23 Conference

UAE: Remittances to Pakistan could soon be delivered home with new system

UAE money exchanges gather at FERG's 11th Annual Financial Crime Summit

Tackling financial crime together

Fight against financial crime discussed

The Foreign Exchange and Remittance Group (FERG) hosted its 11th Annual Financial Crime Summit for Money Exchanges in the UAE. Industry experts,

UAE's Foreign Exchange and Remittance Group announces new office bearers

Advisory board member: Mr. Osama Al Rahma Rajiv Raipancholia, Secretary, FERG Image Credit: Supplied FERG’s committee members was elected in November 2020 and announced during the Annual General Meeting (AGM). The committee members include Al Ansari Exchange, Al Fardan Exchange, Al Ghurair Exchange, Al Razouki International Exchange, Al Rostamani International Exchange, Joy Alukkas Exchange, Index Exchange, LuLu International Exchange, Orient Exchange, Redha Al Ansari Exchange and Wallstreet Exchange. Antony Jose, Treasurer, FERG Image Credit: Supplied The newly elected committee members will play a key role in liaising with regulators and law enforcements on behalf of FERG members. They will also contribute to the growth and expansion of the Group along with the foreign exchange and remittance industry in the UAE.

Covid-19: Remittances to the Philippines from UAE recovering slowly

Covid-19: Remittances to the Philippines from UAE recovering slowly Filed on December 17, 2020 Reuters The UAE has been the largest source of remittances for the Philippines, with Filipino expats accounting for nearly six per cent of the total UAE population. Remittances to the Philippines from the UAE are slowly recovering from their sharp decline that was recorded in the months of the Covid-19 lockdown, experts said. Devesh Mamtani, chief market strategist at Century Financial, told Khaleej Times that the worst seems to be behind and that the situation should gradually start improving thanks to the roll-out of the Covid-19 vaccines. “The UAE economy has opened and is expected to grow 3.6 per cent in 202,1 according to the Central Bank of UAE. A surge in oil prices and a pick up in the tourism industry should result in more job creations for Filipinos and other expats, and this should boost the remittances going forward.”